Flora Savings Bank: 128 West Second Street | Flora, Illinois 62839 | 618-662-2177
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Board of Directors

 

President/Chairman
John J. Heltzel
 
Vice President
Robert A. Pierson
 
Executive Vice President
Shannon J. Hosick

Marvin R. Tibbs

Joseph R. Etchison

James L. Brissenden 

Secretary/Treasurer                                                                                            Doug Leak
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NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS

By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor's accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.

For more information about FDIC insurance coverage of noninterest-bearing transaction accounts, visit
www.fdic.gov/deposit/deposits/unlimited/expiration.html.